AUSTIN (AP) — More bankruptcies within Gov. Rick Perry’s portfolio of Texas startups getting taxpayer dollars didn’t dampen a better year on paper for the Emerging Technology Fund.
A new report from Perry’s office shows the fund value growing by $30 million above what taxpayers have invested in more than 140 companies. That’s a sharp increase from 2012.
At least 16 fund recipients have gone out of business, including three since last year. Those still in business reported modest overall job growth.